ING super proves a hit

ING's Living Super is a superannuation product from ING Direct Australia that launched in September. It’s an entry into the retirement savings market offered by ING Direct Australia and has attracted retail investors since its launch.

Since its launch in September, more than 9,000 people have put about $220 million into ING's Living Super product, according to the article.

The article notes that Living Super is the first superannuation fund without administration or management fees, which is a key difference highlighted as part of its early appeal.

According to the article, Living Super is the first super fund that does not charge administration or management fees.

The article states that some of the money invested in Living Super is lent for mortgages. It does not provide further detail on other investments or allocations.

Yes — the article describes ING Direct Australia's entry into superannuation as having early success, citing more than 9,000 members and roughly $220 million invested since launch.

ING launched the Living Super product in September, as reported in the article.

The article highlights Living Super’s early uptake, its launch in September, the absence of administration and management fees, and that some funds are lent for mortgages. For full details about risks, eligibility and any other fees, check ING’s official product information and disclosures before investing.